You are also going to need access to make repairs and ensure the house is ready to list on day one but you will try to be out of their way as much as possible. 

The muscle memory of working all the time (the american way) seems tough to unlearn. 

You should fix the foundation.Look at it this way - You're going to need to pay to fix the foundation.

Hello everyone, I am looking at doing my first real estate deal and I am going to need some of my well to do friends to help invest.

We tried to note that we needed more communications from them, but response emails to us were always very defensive in tone.

The vacant studio apartment appears to need a good amount of work, so that will be cash you need to find somewhere. 

To have real net worth increase just from cash flow, one is going to need a considerable amount of income translating into a very considerable portfolio of rentals.

If you're wanting to develop, then flex those networking muscles locally and find the best trades that are hirable (many won't be since they are already booked solid with their go-to customers, but some newbies or some people who are a different part of their business cycle will have availability). 

If FL Title LLC pays the mortgage, it's going to need to recoup the rent otherwise you'll go under. 

You're going to need to be full before a bank will give you cheaper final financing.